J.P. Morgan has appointed Adam Wallace as executive director and product head of its hedge fund services business in Asia Pacific. Based in Hong Kong, Wallace will cover hedge fund administration, transfer agency, fund of hedge fund custody and middle-office services for hedge funds and fund of hedge funds.Wallace has spent 12 years in the hedge fund and fund of hedge fund services business. He was most recently at Citi as a regional product manager for alternative investments and spent nearly eight years at Fortis Prime Fund Solutions.